There are currently no known outstanding effects for the Finance Act 2013, Paragraph 11.
11(1)Section 263F (power to modify repo provisions: non-standard repo cases) is amended as follows.U.K.
(2)In subsection (2), for the words from “cases” to the end substitute “ any case mentioned in section 263A(1). ”
(3)For subsection (9) substitute—
“(9)Post-agreement fluctuations” are fluctuations in the value of—
(a)securities transferred in pursuance of the original sale, or
(b)representative securities,
which occur in the period after the making of the agreement for the original sale.
(10)“Representative securities” are securities which, for the purposes of the repurchase, are to represent securities transferred in pursuance of the original sale.”
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